Analisis Pengaruh Kebijakan Hutang, Likuiditas, Financing Decision, dan Dividend Policy terhadap Prediksi Financial Distress pada Perusahaan Sektor Energi yang Terdaftar di BEI Periode 2018-2022

Abstract

This research aims to determine and analyze the influence of debt policy, liquidity, financing decisions and dividend policy on financial distress predictions in energy sector companies listed on the IDX for the 2018-2022 period. This research is associative in nature and the type of data used is quantitative data and secondary data obtained from company financial reports published and downloaded via the website www.idx.co.id and related company websites during the research period. The sample in this research was 53 companies. Multiple linear regression data analysis was panel data and processed using the EViews application. The partial research result show debt policy has a significant negative effect on financial distress predictions, liquidity has a positive and significant effect on financial distress predictions, financing decisions have a positif and insignificant effect on financial distress predictions, dividend policy has a significant negative effect on financial distress predictions.